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[quote=Treasurebeachguy;48160319]Making progress here is the interest rate and balance info (guessing on 2016 final amount coming soon).
Student loans 3.375% $36,000 due, and IRS still waiting on 2016 to get done today. So far owe them 57k, minus 4k refund (54k) and 2016 could owe up to 12k. So looking at I bet 65k at 4% interest.
Taxes filling and situation:
Owe 51k, will send in check to get under 50k and can go online and set up debit program.
I have 20k dropping off in 2019 and another huge chunk dropping off in 2020.
Looks like i should sign up for the 72 months deal, and send in the minimal amout since it will drop off in 10 years from filling date. This way i can build up 401k program and in 72 months most of this will be gone anyway.
Streamlined Processing of Installment Agreements
The IRS is testing expanded criteria for streamlined processing of taxpayer requests for installment agreements. The test is scheduled to run through September 30, 2017.
During this test, more taxpayers will qualify to have their installment agreement request processed in a streamlined manner. Based on test results, the expanded criteria for streamlined processing of installment agreement requests may be made permanent.
During the test, expanded criteria for streamlined processing will be applied to installment agreement requests submitted to SB/SE Campus Collection Operations, this includes the Automated Collection System (ACS). Expanded criteria will not be applied to installment agreement requests submitted to W&I Accounts Management, SB/SE Field Collection or through the Online Payment Agreement application.
One expanded criterion being tested immediately is this: Individual taxpayers with an assessed balance of tax, penalty and interest between $50,000 and $100,000 may experience accelerated processing of their installment agreement request. This will occur if the taxpayers' proposed monthly payment is the greater of their total assessed balance divided by 84 – or – the amount necessary to fully satisfy the liability by the Collection Statute Expiration Date.
More information on the expanded test criteria will be made available in the coming weeks. In the interim, IRS employees in Campus Collection/ACS can assist with any installment agreement requests.
Please note: Under existing criteria, approximately 90 percent of individual taxpayers with a balance due qualify to use the IRS’s Online Payment Agreement application. IRS encourages individual taxpayers to use the online application and increase their convenience by electing the direct debit method of payment.
Fact Sheet
IRS is testing new installment agreement processing criteria through September 2017.
The majority of taxpayers with a balance due of less than $25,000 already meet criteria for streamlined processing of their installment agreement request. In general, IRS assistors can establish an installment agreement without the completion of a Collection Information Statement or a determination to file a Notice of Federal Tax Lien.
The IRS is currently testing whether the expansion of streamlined processing criteria to taxpayer installment agreement requests will improve customer service, reduce taxpayer burden and increase agency efficiency.
Test criteria will be applied to installment agreement requests submitted through SB/SE Campus Collection Operations, including the Automated Collection System (ACS), Automated Collection System Support (ACSS) and Compliance Services Collection Operations (CSCO). This test will not be applied to accounts worked by Field Collection revenue officers or Taxpayer Assistance Center employees.
SB/SE Collection will test new streamlined processing criteria as follows:
For individual taxpayers who have filed all required returns and have an assessed balance of tax, penalties and interest of $50,000 or less,
CURRENT Streamlined CRITERIA
TEST CRITERIA
Payment Terms
Up to 72 months – or – the number of months necessary to satisfy the liability in full by the Collection Statute Expiration date, whichever is less Payment Terms
None. This criteria is unchanged.
Collection Information Statement
Verification of ability to pay required in event of an earlier default for assessed balances of $25,001 to $50,000 Collection Information Statement
Not required.
Payment Method
Direct debit payments or payroll deduction required for assessed balances of $25,001 to $50,000 Payment Method
Direct debit payments or payroll deduction is preferred, but not required.
Notice of Federal Tax Lien
Determination not required for assessed balances up to $25,000.
Determination is not required for assessed balances of $25,001 - $50,000 with mandatory use of direct debit or payroll deduction agreement.
Note: If taxpayer does not agree to direct debit or payroll deduction, then they do not qualify for Streamlined IA over $25,000.
Notice of Federal Tax Lien
No change in criteria for assessed balances up to $25,000.
Determination is not required for assessed balances of $25,001 - $50,000 with the use of direct debit or payroll deduction agreement.
Note: If taxpayer does not agree to direct debit or payroll deduction, then they do qualify for Streamlined IA over $25,000, but a Notice of Federal Tax Lien determination will be made.
The test criteria discussed above also applies to all out of business debts up to $25,000 and all out of business sole-proprietorship debts up to $50,000. For in-business taxpayers, test criteria apply to income tax only debts up to $25,000.
For individual taxpayers who have filed all required returns and have an assessed balance of tax, penalties and interest between $50,001 and $100,000,
CURRENT CRITERIA
TEST CRITERIA CHANGES
None - Streamlined processing criteria currently does not apply to assessed balances of tax between $50,001 and $100,000
Payment Terms
Up to 84 months – or – the number of months necessary to satisfy the liability in full by the Collection Statute Expiration date, whichever is less
Collection Information Statement
Not required if the taxpayer agrees to make payment by direct debit or payroll deduction
Payment Method
Direct debit payments or payroll deduction is not required; however, if one of these methods is not used, then a Collection Information Statement is required.
Notice of Federal Tax Lien
Determination is required.
The test criteria discussed above also applies to all out of business sole-proprietorship debts between $50,001 and $100,000.
For operating businesses with a trust fund tax liability, criteria for streamlined processing of installment agreement requests has not changed, see Internal Revenue Manual Part 5, section 5.14.5
Tax practitioners may continue to contact IRS using the Practitioner Priority Service phone number. If the priority service assistor cannot establish a streamlined installment agreement, they will transfer the call to Campus Collection ACS or practitioners may request to be transferred to ACS with priority service.
During the test period, IRS will solicit Practitioner feedback, evaluate the results and determine if any permanent changes are appropriate.
The majority of individual taxpayers with a balance due of up to $50,000 already meet the criteria to use the Online Payment Agreement. The criteria for using this application will not change during the test. IRS encourages those that qualify to use the Online Payment Agreement application. It saves time and is a cost effective alternative to calling or mailing in a request for an installment agreement.
When I tried to give you an overview of how complicated it is and that you need PROFESSIONAL help you called me "fake news".
Then you posted some meaningless list of figures and dates that nobody would be able to make head or tails out of.
Meanwhile, you're reading and referencing some obviously professional/internal IRS documentation about how they're testing the streamlining their processes.
Maybe you need to find a professional who basically will be the nexus for your income and your outgo and put you on an allowance--
Freezing your credit access so you have to live on a budget and can't get more into debt...
And maybe--since you admit a history of avoiding reality by "wasting" money to improve your mood you might find a counselor to discuss this self-destructive behavior...
Maybe you need to find a professional who basically will be the nexus for your income and your outgo and put you on an allowance--
Freezing your credit access so you have to live on a budget and can't get more into debt...
And maybe--since you admit a history of avoiding reality by "wasting" money to improve your mood you might find a counselor to discuss this self-destructive behavior...
:::Update: Talked to IRS and owe them 51k, can send them money to get it under 50K and send what i want.... But they told me that in 10 years these will fall off.
Taxes filling and situation:
03 Owe $1,700 (Filled in 2010) (2020 2ill drop off)
04 zero
05 zero
06 $8,275 (They filed for me in 2009) (2019 will be gone, can no longer collect)
07 $11,946 (They filled for me in (2019 will be gone, they can no longer collect)
09 $15,213 I Filled in 2010 (2020 will be gone, they can no longer collect)
10 $224 I Filled in 2010 (2020 will be gone, they can no longer collect)
11 $630 I Filled in 2015
12 $4,765 I Filled in 2015
13 $10,360 I Filled in 2015
14 Zero
15 They owe me $4,000 will apply to debt
16 (They owe me $1200)
With these amounts owed you should have a dresser full of notices from the IRS and attempts to collect. They would have already garnished if they can find you. None of this makes any sense. These are old debts. Unless they consider you basically a total empty and not worth the trouble which in your case is not true since you make 100K+ they would have already garnished your pay at a bare minimum.
When I tried to give you an overview of how complicated it is and that you need PROFESSIONAL help you called me "fake news".
Then you posted some meaningless list of figures and dates that nobody would be able to make head or tails out of.
Meanwhile, you're reading and referencing some obviously professional/internal IRS documentation about how they're testing the streamlining their processes.
FAKE NEWS
Until you learn not to be judgmental. I do not hear a word you say and will not converse with you. LEARN HOW TO TALK TO PEOPLE AND YOU WILL BE TAKEN SERIOUS. UNTIL THEN.
With these amounts owed you should have a dresser full of notices from the IRS and attempts to collect. They would have already garnished if they can find you. None of this makes any sense. These are old debts. Unless they consider you basically a total empty and not worth the trouble which in your case is not true since you make 100K+ they would have already garnished your pay at a bare minimum.
Nice try....
1. I have never been garnished.
2. I talked to the IRS and have until June 14th to set up a payment plan.
3. I will get the help of a professional, but I will not pay over $2500 for someone to help me fill out a form.
All I have to do is tell the truth and let them take what they want. The firms out here show you how to lie to the IRS and keep more money in your pocket. I will hire someone, that knows what they are doing, but I will pay no more than $2500 their services.
Just found out years 05,06,07 were never received by the IRS and thats why they did them for me and hit me with a 25% difference in what I was to pay. They had me paying them $20,000, when it should had been $12,000.
Im digging deeper and deeper into this here.
Best IRS toll-free numbers and support
800-829-1040.
800-829-7650. Federal Payment Levy Program.
800-829-0922. Customer Service.
800-829-3903. Collections Department.
800-829-8374. Tax Professionals.
800-829-0115. Business Accounts.
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